Brief: BorgWarner Reports First Quarter 2023 Results, Expects 2023 Eproduct Sales Of $2.3 Billion To $2.6 Billion

BorgWarner

04/05/2023 11:41

May 4 (Reuters) - Borgwarner Inc  BWA.N :
    * BORGWARNER REPORTS FIRST QUARTER 2023 RESULTS, EXPECTS
2023
EPRODUCT SALES OF $2.3 BILLION TO $2.6 BILLION
    * CONTINUES TO EXPECT ITS 2023 ELECTRIC VEHICLE SALES TO
GROW TO
$1.5 BILLION TO $1.8 BILLION, UP SIGNIFICANTLY FROM $870 MILLION
IN 2022
    * EXPECTS 2023 EPRODUCT SALES FOR HYBRID VEHICLES TO BE
APPROXIMATELY $800 MILLION
    * COMPANY'S TOTAL 2023 EPRODUCT SALES ARE EXPECTED TO BE
$2.3
BILLION TO $2.6 BILLION
    * SEES 2023  NET EARNINGS TO BE WITHIN A RANGE OF $3.87 TO
$4.24
PER DILUTED SHARE
    * SEES 2023 ADJUSTED NET EARNINGS TO BE WITHIN A RANGE OF
$4.60 TO
$5.15 PER DILUTED SHARE
    * 2023 NET SALES ARE EXPECTED TO BE IN RANGE OF $17.1
BILLION TO
$17.9 BILLION
    * Q1 EARNINGS PER SHARE VIEW $1.11, REVENUE VIEW $4.15
BILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $4.88, REVENUE VIEW $17.23
BILLION -- REFINITIV IBES DATA
    * EXPECTS WEIGHTED LIGHT AND COMMERCIAL VEHICLE MARKETS TO
INCREASE IN RANGE OF ABOUT 0% TO 3% IN 2023

Source text for Eikon:  ID:nPn2zX7z4a 
Further company coverage:  BWA.N 

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